Major SIFs Lower Globally


Major stock indexes around the world were lower amid concerns about an escalation of the Middle East conflicts.

The bearish impact of fears of a wider conflict in the Middle East is being partially offset by prospects of a less hawkish Federal Reserve.

There are no major economic reports scheduled for today.

screen trading


The U.S. dollar is steady.

There has been only a limited flight-to-quality flow of funds into the greenback.

The U.S. dollar continues to underperform the news.

German producer prices posted their biggest year-on-year decline in September since data collection first started in 1949. Producer prices fell slightly more than expected in September, decreasing by 14.7% on the year when a 14.2% decline was expected, and after a 12.6% drop in August.

Retail sales in the U.K. fell 0.9% month-over-month in September 2023, reversing from a 0.4% increase in August, and worse than market predictions of a 0.2% decline.

The annual inflation rate in Japan declined to 3.0% in September 2023 from 3.2% in the prior month, which was to the lowest reading since September 2022.


Federal Reserve Chair Jerome Powell’s remarks at a Thursday lunchtime address to the Economic Club of New York closely tracked comments of other Federal Reserve officials.

Jerome Powell suggested the increase in long-term Treasury yields could allow the central bank to suspend a historic run of interest rate increases as long as recent progress on inflation continues.

Federal Reserve Bank of Atlanta President Raphael Bostic said today that while inflation remains too high it is coming down, and that could open the door to easier monetary policy late next year.

Other Federal Reserve speakers today are Patrick Harker at 8:00 central time and Loretta Mester at 11:15.

Financial futures markets are now predicting there is almost a 100% probability that the Federal Open Market Committee will keep its fed funds rate unchanged at its November 1 policy meeting.


Interested in more futures markets?  Explore our Market Dashboards here.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore the latest edition of The Ghost in the Machine

Explore Now